help with negotiating with seller

[Morgan Nilsen]

about to make my very first deal, and im full of excitement. I spoke with the realtor and this is the sellers situation. Please give advice if u can on how i should proceed.

Asking price is 225.000. Seller is an old lady. She already has a new flat shes moving into in july. The realtor told me her morgage on the place exceeds the asking price and said its unlikely she will go under askingprice. Which already seems low compared to neighbourhood. The house has been on the market for 30 days, and the house was built in 1948. The house looks to be in good condition, but will naturally require some minor renovation.

Negotiations start this friday and i wish to be prepared.

My advantages are that im a cash buyer and i can close as fast as possible.

[Chris Seveney]

I am more interested in where you can buy a property for under $250k and rent it for $5000 a month